| |
Investment for Echometrix
In the US, analytics firm Echometrix has signed an agreement with investment group Rock Island Capital, LLC to raise funds for expansion.
Echometrix, which develops analytic applications for user-generated digital content, will issue Class B Preferred Convertible Stock at a $9.09 purchase price. The proceeds will be used to expand the business and better position Echometrix's products, including the development of strategic partnerships for its Family Safe Internet Protection Products.
CEO Jeffrey Greene states: 'This investment gives our new management team the resources to execute plans to deliver our cutting edge products and grow our business. Our suite of products and the recent capital infusion allows us to effectively compete in today's fast paced digital marketplace.'
Jay Safier, a Managing Partner at Aventura, FL-based Rock Island, says his firm has 'tremendous confidence' in the Echo metrix management team and adds: 'Echometrix is a company with compelling technology that can make a difference in helping to keep children safe on the Internet. Our investment objective is to give the management team the resources necessary to execute their strategy.'
Echometrix develops software services committed to real-time online protection and family safety and specializes in developing digital tools that delivers brand metrics, real-time market intelligence and consumer research. The company is online at www.echometrix.com .
|
